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Sensex dips below 27k; Nifty drops to 8,113

Pressclubofindia, Indian Tehalka News

The benchmark BSE Sensex slumped below the 27,000-mark and the NSE Nifty broke the 8,200-level in late morning trade on sustained selling across the board.

The market has been witnessing sluggish sentiment for the past three sessions, reacting to subdued global trend on falling crude prices and weak Chinese manufacturing data.

Continued FII outflows along with jump in country’s trade deficit to one-and-half year high due to six-fold rise in gold imports renewed domestic economic concerns.

The 30-share BSE Sensex resumed lower at 27,181.18 and slid to 26,946.39, down by 373.17 points, or 1.37 per cent, on persistent selling.

The NSE 50-share Nifty dropped below the 8,200-mark by falling 106.65 points, or 1.30 per cent, to 8,112.95.

Barring IT and Teck which saw value buying, rest other sectors led by metal, realty, banking, consumer durables, FMCG, healthcare, oil & gas and auto along with MidCap and SmallCap shares witnessed hectic profit booking.

Foreign Portfolio Investors sold shares worth a net Rs 455.72 crore on Monday as per provisional data.

Major losers were Hindalco (6.49 per cent), SSLT (4.90 per cent), ICICI Bank (3.78 per cent), Dr Reddy (3.49 per cent), ONGC (2.95 per cent) and M&M (2.66 per cent). The notable gainers are TCS (2.67 per cent), Infy (1.31 per cent) and Wipro (0.52 per cent).

Key indices in Hong Kong, Singapore, Indonesia, South Korea, and Japan were down by 0.43 to 1.9 per cent. Key indices in China and Taiwan rose 0.26 to 0.74 per cent.

From : The Hindu

Sensex dips below 27k; Nifty drops to 8,113 Reviewed by on . Pressclubofindia, Indian Tehalka News The benchmark BSE Sensex slumped below the 27,000-mark and the NSE Nifty broke the 8,200-level in late morning trade on su Pressclubofindia, Indian Tehalka News The benchmark BSE Sensex slumped below the 27,000-mark and the NSE Nifty broke the 8,200-level in late morning trade on su Rating: 0
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